SNWF trade ideas
#SNOW Potential for both Bears and Bulls Snow is range bound and moving very tightly between both bull and bear trend line. long term outlook is bearish post lock up expires in March but for next 30-40 trading sessions it can go up to 320 if it breaks the trend lines or tight triangle it has formed. Most likely it will dip and probably gap down to 230 or 240. My bet is short at 280 - stop loss 284 and enter long if crosses 290
SNOW READY FOR A BLIZZARD !1! Snow on the daily is getting squeezed by a bullish pennant . MACD is looking ready to flip along with squeeze momentum finally finishing its sell off. With declining sell volume as well and SNOW consistently holding up its long term support line we could see SNOW gap up to its first price target of $330. Along with the trend analysis as seen we also have to take into account NASDAQ:MSFT earnings report released today stating that they had a 17% revenue increase because of cloud business. The future is SaaS and SNOW is looking ready to snow some cash !
SNOW Potential BreakoutWatch SNOW for a potential breakout here. It had a big drop from the last H & S and is recovering nicely.
SNOW 08-01-2021 LongAsset and Time frame -SNOW,1D
Entry Price -312.20
Exit(Stop Loss) -293.31
Exit(Take Profit) -424.19
Technical Analysis -4H Fibonacci made an ABCD pattern retracing from the -27.2 with an engulfing bullish candle, also price broke a descending channel with a big volume spike, and on the daily chart there is a 50MA that supports the price action, I think this is the second Elliott wave, and now we are at the beginning of the 3rd wave
I would like to hear your opinions and what can I do to improve, many thanks
SNOW over 293.19Elliott Wave analysis here indicates this will put in the third and most powerful impulsive wave soon with a first conservative target above. Count is invalidated below 279.10. Note that the projection here is the price level and the time this price is reached is not an exact part of the projection here.
SNOW Supply demand zones.Please do your own charting im new trader.
If you have some tips feel free to leave them in comments thank you.
Let it $SNOW #SNOW No one knows better about $SNOW #SNOW than @K_K88
I hope it's the time!!!
What do you think? Is it time for $SNOW #SNOW?
I am not familiar with Snowflake. Without googling, I do not know anything. What is the product they're selling. I have no idea about the man behind the wheel.
Two subsidiaries: CryptoNumerics and Numeracy. Find what are these two subs from Snowflake blog.
I have no position yet. I am ready into it now.
SNOW or IBM? Which one would buy with the same amount of money?SNOW is the new darling, GS just upgraded as a top 10 software stock for 2021. IBM just reported earnings it got killed AGAIN!
For the same price (valuation) though, if I am in a cave by choice for 3 years and forced to make a decision, I would park my money at IBM as it still a cash machine. Narrative or not.
SNOW a great new startup with a great CEO, but as a 100 bil dollar startup it has a lot of catch-ups to do. Technically it tells you so, despite it's a hot name on Twitter or WallStreetBets and on the esteemed real Wall Street.
The trend is chopping and drafting lower I think.
SNOW Short I love this IPO but I am currently bearish!
Expect some healthy profit-taking to occur with a proper correction.
As. always informational only GL to all.
SNOW Round downSNOW looks like its heading back down to support at the 270 level, its under the moving averages and is got underneath its downward resistance. A rounding formation has developed on the daily, and looking at the hourly it has the potential to make another leg down to test support again.
$SNOW | Snowflake Inc: Bullish Falling Wedge Breakout [Update 2]$SNOW setup is still valid. Price has held above the $280 demand zone.
There was also a lot of unusual options activity the past few weeks. Here are a few notable trades:
SNOW $1,628,900 SWEEP $335 CALLS 02/19/21 635 @ $25.65
SNOW $1,352,614 SWEEP $330 CALLS 02/19/21 501 @ $26.99
SNOW $584,795 SWEEP $400 CALLS 02/19/21 805 @ $7.26
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
See my previous analysis here:
